Happy Life Insurance Co., Ltd. (hereinafter referred to as "Happy Life"), the equity transfer of the fourth largest shareholder of the shareholders has ushered in new progress.The company announced on November 13 that shareholders Shenzhen Yifiti Technology Development Co., Ltd. (hereinafter referred to as "Shenzhen Yifit") held 466 million shares of the company, accounting for 4.6%., Transfer to the deposit insurance fund management limited company (hereinafter referred to as the "deposit insurance fund company").Industry insiders said that in the next step, with the receiving equity of the deposit insurance fund, it may bring new changes in risk control, and it may also bring more stable financial support and risk management capabilities to the company.
Transfer to the guarantee fund with debt replacement
On November 13, Happy Life announced that the companys shareholders Shenzhen Yifit held the company466 million shares, accounting for 4.6%, and ruled by the Fourth Intermediate Peoples Court of Beijing to transfer it to the Insurance Fund Company through debt -to -debt.
Happy Life said in an interview with Beijing Business Daily reporters that the relevant procedures are currently being handled, and the companys public disclosure is prevalence.
The companys solvency report in the third quarter of this year shows that Shenzhen Yifit is the fourth largest shareholder of Happy Life, with a ratio of 9.271%."This equity change marks the proportion of Shenzhen Yifits shareholding on happy Lifes shareholding from 9.271%to approximately 4.6%, revealing the companys important equity change." China University of Mining and Technology (Beijing) School of Management College Enterprise Enterprise Enterprise EnterpriseThe instructor Zhi Peiyuan said.
Shenzhen Yimite has tried to transfer the happy life equity of their own.As early as 2022, the Beijing Property Exchange issued a project announcement showed that Shenzhen Yifit and the sixth largest shareholder of the Happy Life Life Shenzhen Tuotian Investment Management Co., Ltd. intended to settle a total of 1.659 billion shares, accounting for about 16.37% of the total share capitalEssenceBut the equity has not yet appeared.
Further look at, 939 million shares currently held by Shenzhen Yihui are frozen, of which 606 million shares have been pledged.Overall, the equity of 5 shareholders in Happiness Life is in the abnormal state of pledge and freezing, and the proportion of pledged or frozen equity is close to 30 %.
Turn their attention to the reception of the equity, which is established by the Peoples Bank of China in May 2019.The income and expenditure of the 2023 deposit insurance fund released by the Peoples Bank of China on March 31 showed that in order to promote the resolution of financial risks, the use of 11.5 billion yuan of deposit insurance funds to carry out risk disposal, and used 21.513 billion yuan to repay financial stability and re -loan.As of the end of 2023, the deposit balance of deposit insurance funds was 810.123 billion yuan.
It is worth mentioning that before, the deposit insurance fund has invested in financial institutions such as Xintai Life and Mongolian Bank of Mongolia.
"The involvement of the deposit fund company is usually related to the solution of financial risks. The involvement of deposit insurance funds may have an impactBerbita, the vice chairman of the China Enterprise Capital Alliance, said that for happy life, the shares of the deposit fund company may bring stricter supervision and risk control, and it may also bring the company to bring the companyMore stable capital support and risk management capabilities.
Lost more than 60 million yuan in the first three quarters
Happy Life in Happiness in the name of "Happiness" was established in 2007, registered capital, and capital Da Da10.13 billion yuan.
The official website shows that Happiness Life is a state -owned controlling enterprise. At present, there are 18 shareholders, and the proportion of state -owned legal person shares exceeds 60%.The companys main business includes various personal insurance businesses such as life insurance, health insurance, and accidental injury insurance, as well as reinsurance business of the above businesses.
From the perspective of the performance of happy Life in recent years, the companys net profit was 516 million yuan in profit in 2021. After a new high in recent years, it fell to 171 million yuan in 2022.In 2023, the company fell into losses, with a net loss of 141 million yuan (merging profit statement).
The solvency report in the third quarter of 2024 shows that in the first three quarters of this year, the cumulative insurance business revenue of Happiness Life Insurance was 20.542 billion yuan, an increase of 4.09%year -on -year.During the same period, a profit from Ying to a net loss was 64.4185 million yuan.
In order to reverse the loss of losses, in the industrys opinion, the increasing income increase in insurance companies may be the result of the companys active behavior in the short term.It may be formed passively by changes in the operating environment.However, whether it is active result or passive result, the direct influencing factors are either operating management costs, especially the increase in sales costs, or the income of insurance funds has decreased.Therefore, in order to change this situation, you need to work hard from these two aspects.
Report in the third quarter of 2024 shows that the companys core solvency adequacy ratio and comprehensive solvency adequacy ratio are 81.92%and 132.12%, respectively, and the recent risk rating is B.
In response to the improvement measures to be taken in the future, Happiness Life said that it will further improve the dynamic monitoring and synergistic mechanism of solvency, timely study and judge the problems and weak links, and coordinate asset -liability management of asset -liability managementWait for work in various fields, dynamically adjust business, finance and investment policies.Continue to drop the companys sales costs and debt costs to improve the companys profit level; study and formulate and formulate a practical and feasible reinsurance solution that complies with regulatory regulations, and build an effective capital supplementary mechanism.
Beijing Business Daily reporter Hu Yongxin
